All aboard the investment advisory canoe

Wed, 28 Apr 2021

Ever since the 2018/19 Australian Royal Commission into financial services, governments on both sides of the Tasman have sought new ways to restrain an apparently rogue industry.The egregious behaviour broadcast to the world in the commission’s livestreams made compelling, car-crash viewing but it was old news to anyone who’d spent more than five minutes in the business.Shoddy products, faulty administration, bent advice and skewed incentives were all long-known features of an industry that was publicly shamed for practices such as...

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